Toronto condo prices just keep ballooning, although less than they have been recently. Toronto Real Estate Board (TREB) numbers show the price of a typical condo reached an all-time high in June. Some of the pressure to move higher is finally being released though, as sales fall faster than inventory.
Typical Toronto Condo Price Reaches A New High
The price of a typical condo hit a new all-time high across Greater Toronto. TREB reported a benchmark price of $502,400 in June, up 7.52% from the year before. The City of Toronto’s benchmark price rose to $529,300, a 9.10% increase. The city continued to outperform the suburbs on both monthly and annual increases. Click here to read the full article from betterdwelling.com